Major Rating Factors:
A current level of 1.6 percent of nonperforming loans to core capital contributes to the Excellent asset quality (10.0). Good current capitalization (6.6 on a scale of 0 to 10) based on a net capital to total assets of 9.0 and a net worth ratio of 9.8.
Other Rating Factors:
Fair liquidity 4.3, driven by a liquidity ratio of 28.7 percent and a “hot money” ratio of 4.9 percent. Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.6 has resulted in Fair (4.3) profitability.
Asset Mix:
Home mtgs (30%), consumer loans (17%), other (53%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
1419 North Second Street
Ishpeming, MI 49849
Ishpeming, MI 49849
Phone Number
(906) 485-5563
NCUA Charter Number
Website
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